you are required to calculate the following for the period 621629

Aug 30, 2021 | Uncategorized

A company uses Standard Costing System. The sales data for a period are as follows:

Product

Budgeted Sales
(units)

Budgeted Selling
Price per unit (Rs.)

Annual Sales
(units)

Actual Sales Value
(Rs.)

A

1,280

20

650

12,350

B

3,200

12

3,900

50,700

C

1,920

6

1,950

29,250

The cost data are as follows:

A Rs.

B Rs.

C Rs.

Standard Cost per unit

16

10

13

Actual Cost per unit

18

12

13

You are required to calculate the following for the period:

(a) Gross margin total sales variance; (b) Gross margin sales volume variance; (c) Gross margin sales mix variance; (d) Gross margin sales quantity variance; (e) Sales price variance; (f) Total cost variance.